Which of the following statements about American currency and banking in this era is FALSE?
A. Vast quantities of varying bank notes created confusion over currency.
B. Congress re-chartered the Bank of the United States in 1816.
C. Counterfeiting was a serious problem.
D. The second Bank of the United States had more capital than its predecessor.
E. The national bank forbade state banks from issuing their own notes.
Answer: E
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